As Chinese EVs expand global footprint, banks raise export forecasts

Chinese-made MG Cyberster electric vehicles wait to be loaded onto a ship for export at a car yard in Yantai, China's eastern Shandong province on Thursday. Photo: AFP

Spurred by the rising popularity of electric vehicles (EVs), Chinese carmakers are consolidating their foothold in the global auto market, prompting international banks like Goldman Sachs to significantly raise their export forecasts.

Buoyant overseas shipments have also effectively created a cushion against falling domestic deliveries and an expected overall sales decline for Chinese automotive groups including BYD and Xpeng, analysts said.

“China


Why East Asia could be the new centre for peace and economic growth

East Asia could become the world’s “best” region for maintaining overall peace and sustaining economic growth, according to a Chinese political scientist. Photo: AFP

At a time of worsening global security, East Asia could eclipse a Europe “no longer worth emulating” and become the benchmark for peace and economic growth, according to a prominent Chinese political scientist.

Yan Xuetong, honorary president of the Institute of International Relations at Tsinghua University in Beijing, also said the widening rift between the United States and its European allies would elevate East Asia’s global standing.

He told a media event in Beijing on

‘Imitation genius’: China influencer overcomes abusive dad to self-fund US education

A 19-year-old influencer in China has announced he has been admitted to top-tier Boston University, with tuition and living costs to be covered entirely by himself, as he has earned money through his online activities in recent years.

Zhong Meimei, born Zhong Yusheng, shot to fame in May 2020 when he released his first batch of videos in which he mimicked female teachers at primary and middle schools, the National Business Daily (NBD) reported.

His works quickly captivated internet users,

His videos went viral six years ago, with many praising his spot-on teacher impressions. Photo: nbd.com.cn

CK Asset sells penthouse in Hong Kong’s Mid-Levels for US$48.5m, sets pricing benchmark

CK Asset has now sold four mansions at 21 Borrett Road for a combined HK$1.05 billion. Photo: May Tse

A penthouse at CK Asset Holdings’ luxury residential project in Hong Kong’s Mid-Levels has been sold via tender for HK$380.77 million (US$48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city’s high-end residential segment .

Unit 10 on the 20th floor of 21


Malaysia’s Umno in tough spot ahead of Johor vote after veteran claims royal interference

Malaysia ’s ruling Malay party was pulled into a sensitive palace row on the eve of Johor’s nomination day after a veteran figure quit Umno and accused the southern state’s royal household of influencing the timing of a snap election.

The controversy lands at a difficult moment for the United Malays National Organisation, the Malay nationalist party that anchors Barisan Nasional (BN). It is trying to defend Johor, its birthplace and one of its last major strongholds, without allowing the campaign to be overtaken by Malaysia’s


Hong Kong police arrest minibus driver after cyclist killed in collision

The cyclist was found unconscious after the accident. He was later pronounced dead at North District Hospital in Sheung Shui. Photo: Roy Issa

Hong Kong police have arrested a minibus driver for dangerous driving after his vehicle fatally hit a cyclist in North district.

Police received a report of the incident in Ta Kwu Ling at 6.27am on Friday. Emergency personnel found the man unconscious at the scene, having sustained serious head injuries.

He was taken to North District Hospital in Sheung Shui, where


Hong Kong to raise share of lay members in Medical Council from 25% to 31%

Hong Kong’s health chief has provided some details on proposed changes to the Medical Registration Ordinance. Photo: Karma Lo
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Why having more foreign-trained doctors in Hong Kong won’t threaten local ones

As Hong Kong marks the 29th anniversary of its return to Chinese rule on July 1, the South China Morning Post talks to the city’s senior officials about the administration’s achievements so far and what may lie ahead.

Allowing all doctors without permanent residency to work in Hong Kong will not threaten the careers of local practitioners, the health minister has said as he defended a proposal to revamp the medical registration regime.

In an exclusive interview with the South China Morning Post, Secretary for Health Lo Chung-


Hong Kong issues red rainstorm warning as education authorities suspend classes

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The Hong Kong Observatory has downgraded the red rainstorm warning to amber within an hour of issuing it, after the warning prompted the suspension of afternoon classes.

The forecaster switched rainstorm signals three times within 90 minutes on Friday, reissuing the amber signal at 1.20pm to replace the red signal put up


Breakthrough in US-Iran talks; Japan visa fee hike to affect Chinese: SCMP’s 7 highlights

From deadly school shooting in Philippines to a Chinese man jailed for breeding 300 snakes, here are highlights from SCMP’s recent reporting

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US Vice-President J.D. Vance speaks to reporters after talks at Lake Lucerne in Switzerland on Monday. Photo: Reuters

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical